Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

in 2021, General Motors Company (GM) paid total cash dividends of $186,000,000 and had net income of $10,019,000,000. GM has 1,420,000,000 shares of common stock

in 2021, General Motors Company (GM) paid total cash dividends of $186,000,000 and had net income of $10,019,000,000. GM has 1,420,000,000 shares of common stock outstanding and the current market price per share of the common stock is $34.

Required:

Determine and explain the earnings per share.

Determine and explain the dividends per share.

Determine and explain the dividend yield.

Determine and explain the dividend payout ratio.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books